Know a lawyer? Direct them to the Tuberville household

Right now Tommy Tuberville probably wishes Bobby Lowder was his biggest problem. He and his wife are in a shitload of trouble.

First, Suzanne Tuberville ran a red light in Lubbock last November and plowed into a car with an elderly couple inside. The husband died from his injuries this week. No charges (other than an earlier ticket) filed yet, but at the least figure a big civil suit is coming.

The 32-page suit alleges that Tuberville and Stroud mixed their clients' assets with their own, failed to file tax returns, falsified client statements, falsified fund performance reports and "generally disregarded and violated customary practices and procedures followed in the hedge fund and security investments industry."

Several plaintiffs, including at least one former employee of TS Capital, have demanded their money be returned, yet, according to the complaint, none of the money invested has been accounted for. The suit also states that investors listed "have reason to believe that most, and possibly all, of their invested funds have been misappropriated, improperly converted and/or squandered."

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The former employee provided NFA with a purported bank statement he received from Stroud in June 2011 that showed the TS fund contained a balance of $6.79 million.

The National Futures Association report goes on to state: "To date, the NFA has been able to confirm that TS Management and its affiliated entities have in aggregate less than $3,500 based upon bank and brokerage account records produced by Stroud to the NFA."